Changes

In [[economics]] an opportunity cost is the value lost by choosing one alternative instead of another.  It is the value of the sacrificed alternative in choosing something else.

In [[economics]], an opportunity cost is the value lost by choosing one alternative instead of another.  It is the value of the sacrificed alternative in choosing something else.

For example, doing a job that pays only $5 per hour when you could have taken a different job at $12 per hour has an opportunity cost of $7 per hour. Wasting three hours stuck in traffic has an opportunity cost of the money you could have been making for those three hours.

For example, doing a job that pays only $5 per hour when you could have taken a different job at $12 per hour has an opportunity cost of $7 per hour. Wasting three hours stuck in traffic has an opportunity cost of the money you could have been making for those three hours.